Against global and regional downward trends, smartphone shipments in Ecuador experienced an 18% year-on-year (YoY) increase in Q1 2023 and also a quarter-on-quarter (QoQ) growth of 18%, according to the latest research from Counterpoint.
The first quarter marked the best first-quarter performance for the region since 2018 despite economic deceleration and political turmoil – driven by the reduction of mobile device import duty from 15% to 0% by the Ecuadorian government in 2022, along with reduced import taxes on telecommunication network equipment.
This post is for subscribers only
Sign up to read the post and as well as all other member only posts. Subscribing only takes a few seconds and will give you immediate access.
Subscribe now
Already have an account? Log in
